Wednesday, February 24, 2021

Long Beach Island Real Estate Building Changes

 

Long Beach Island Real Estate Building Changes




Long Beach Island Real Estate New Construction

Building a new home in the LBI real estate market is one of the best investments you can make in the area. I handle this kind of transaction quite often and you should see a roughly 20%-30% equity position in the finished home. Additionally, when you design and build your own home, there is a much better chance of getting your “wish list” accomplished. One of the biggest challenges in building new is going over budget. It is very easy to spend money when building a new home so in this article, I will be going over the most common building changes and upgrades we see in the Long Beach Island real estate market.


Long Beach Island Real Estate Building Changes



By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Building a New Home on Long Beach Island

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Sunday, February 21, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/14/2021-02/21/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 02/14/2021-02/21/2021




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 02/14/2021-02/21/2021: There were a total 76 changes to the Long Beach Island real estate market this week. The market continues to experience a shortage of inventory, but demand remains very high. Buyers seem to have a lot of confidence in the LBI real estate sales market. To help understand the dynamics of the market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 14 new listings entered the market with an average price of $1,610,764
  • 39 listings went under contract with an average listing price of about $1,327,328
  • 13 properties sold on Long Beach Island with an average price of $1,553,167
  • 5 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

Credit Scores in the LBI Real Estate Market

Conventional Mortgages in the LBI Real Estate Market

LBI Real Estate New and Active Listings in 2020

Adverse Possession in the LBI Real Estate Market

LBI Real Estate Deed-in-Lieu of Foreclosure


Sunday, February 14, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 2/7/2021-2/14/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 2/7/2021-2/14/2021




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 2/7/2021-2/14/2021: There were a total 76 changes to the Long Beach Island real estate market this week. In the age of coronavirus, this seems to be a pretty standard amount of market activity in any given week. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 19 new listings entered the market with an average price of $1,278,863
  • 27 listings went under contract with an average listing price of about $1,244,493
  • 11 properties sold on Long Beach Island with an average price of $1,312,500
  • 2 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

Low Mortgage Rates in the LBI Real Estate Market

LBI Real Estate New Home Sales in 2020

Commission in the LBI Real Estate Market





Sunday, February 7, 2021

LBI Real Estate Weekly Sales Update 2/1/2021-2/7/2021

 

LBI Real Estate Weekly Sales Update 2/1/2021-2/7/2021




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 2/1/2021-2/7/2021: There were a total of 79 changes to the Long Beach Island real estate market this week making it another busy week in the sale market. Coronavirus continues to have an impact on home sales as buyers look to invest in the shore areas and take advantage of low-interest rates. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 16 new listings entered the market with an average price of $1,929,119
  • 31 listings went under contract with an average listing price of about $1,107,932
  • 12 properties sold on Long Beach Island with an average price of $1,865,667
  • 8 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

Low Mortgage Rates in the LBI Real Estate Market

Commission in the LBI Real Estate Market

LBI Real Estate New Home Sales in 2020





Saturday, February 6, 2021

Low Mortgage Rates in the LBI Real Estate Market

Low Mortgage Rates in the LBI Real Estate Market







Long Beach Island Real Estate

Coronavirus has changed many things in the Long Beach Island real estate market. Low mortgage rates are one of them! Thanks to the US and foreign governments’ economic policy efforts, we see interest rates so low that the money is almost free. This has led to a few changes in the consumer patterns of the typical consumer on Long Beach Island and raised some significant concerns.

  • We see fewer cash deals
  • Buyers are putting less money down
  • The lower interest rates have increased buying power despite higher prices


Low Mortgage Rates in the LBI Real Estate Market


By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


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Sunday, January 31, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/24/2021-1/31/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/24/2021-1/31/2021



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/24/2021-1/31/2021: There were a total 88 changes to the Long Beach Island real estate market this week. The sales activity was spread over all categories with pending sales continuing to be one of the most active areas this week. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 22 new listings entered the market with an average price of $1,530,045
  • 31 listings went under contract with an average listing price of about $1,525,768
  • 14 properties sold on Long Beach Island with an average price of $1,313,357
  • 7 listings were either withdrawn of expired in the LBI real estate market

By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market


Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/24/2021-1/31/2021




More LBI Real Estate Information:

LBI Real Estate New and Active Listings in 2020

Credit Reports in the LBI NJ Real Estate Market

LBI Real Estate Market COVID Home Price Increase

Commission in the LBI Real Estate Market



Thursday, January 28, 2021

Long Beach Island Real Estate Inventory Levels During COVID-19

 

Long Beach Island Real Estate Inventory Levels During COVID-19




Long Beach Island Real Estate Inventory Levels

The LBI real estate market has seen some extraordinary activity in 2020, thanks mainly to COVID-19. Coronavirus increased the activity levels in the already busy LBI real estate market and has greatly reduced the number of homes for sale on Long Beach Island. All buyers and sellers should be aware of these trends as they can have a significant impact on the ability to complete a successful transaction on Long Beach Island.

  • March of 2020 saw the highest inventory with a total of 692 listings for sale
  • January 2021 saw the lowest with 215 listings for sale on Long Beach Island
  • July saw 139 new listings come on the market, the highest month of the year
  • April saw the lowest number of new listings (40) followed closely by December with 42

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

You May Also Like:

LBI Real Estate Single-Family Oceanfront Sales in 2020

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